Gold XAUUSD - Jackson Hole will decide direction
Atualizado
TTM Squeeze is going off in addition to a MA cross-over - there's a big move brewing and I'm inclined to say it'll go South because gold is getting too high for FEDsters (which signals inflation - and not the good kind). If gold rises and so does inflation, then FED, by their own term, won't print. So it'll get smashed down so they can print more. Also China doesn't like to import gold at such high prices, so there is an interest in keeping the price low.
More charts coming below for
XAUUSD
More charts coming below for
XAUUSDNota
Here's the hourly chart: Same indicator set-up.
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Daily chart has a MA cross-over, but not much of a squeeze - Nota
For the monthly chart we got a TTM Squeeze, and my guess is it will go down to and bounce off the Keltner band around 1750+ area.Nota
That was the weekly chart - not monthly...Nota
Gold just went lower on this news...zerohedge.com/economics/us-durable-goods-orders-smash-expectations-july-thanks-war
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MA Crossover on 15 minute, TTM Squeeze on that TF has always taken off.
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30 minute chart Crossover and TTM Squeeze is firing off like the 15 minute chart. Almost every chart is showing the same TTM Squeeze (Bollinger bands contract inside Keltner bands) with a crossover signal. Signals more downside imo.
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By the way, if someone can help me figure out how to see the pricing on the right, it's been cutoff and I can't figure out how to reset it. Driving me crazy!
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